The Channel logo

News

By | Paul Kunert 10th September 2012 16:16

Infosys gobbles Lodestone for £218m

Indian outsourcer sups SAP sap

Indian outsourcer Infosys has coughed CHF330 (£218m) in cash for SAP consultancy Lodestone.

The management consultancy is headquartered in Switzerland, but it has global operations including a burgeoning footprint in the UK.

"A key plank of our Infosys 3.0 strategy is to expand our Consulting & Systems Integration (C&SI) business. This acquisition fits perfectly into that strategy," claimed Infosys CEO S. D. Shibulal.

The buy will add 850 staffers, including 750 SAP consultants, to the 30,000 bods the outsourcer already employs in its C&SI unit.

Infosys said the deal also adds 200 new clients across verticals including manufacturing, automotive and life sciences. The outsourcer already has 700 customers in ten verticals, and the expanded operation will turn over $1bn a year, it said.

The deal, which is expected to close by the end of October, dwarfs other moves in the SAP channel - such as Itelligence UK's gobbling of Blueprint Management Systems in July to build a £40m business.

In the last filed accounts for the year to 31 December 2011, Lodestone achieved £9.8m sales in the UK, up from £4.6m in the previous 12 months, and made an operating profit of £867,000 compared to a loss last year of £834,000. ®

comment icon Read 1 comment on this article alert Send corrections

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on